iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Hits New 12-Month Low – Time to Sell?

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) shares hit a new 52-week low during trading on Monday . The company traded as low as $32.99 and last traded at $33.16, with a volume of 1445446 shares. The stock had previously closed at $34.62.

iShares MSCI United Kingdom ETF Stock Down 3.8 %

The company has a market capitalization of $2.87 billion, a PE ratio of 17.91 and a beta of 0.67. The firm has a 50-day moving average of $36.77 and a two-hundred day moving average of $35.92.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bessemer Group Inc. purchased a new position in iShares MSCI United Kingdom ETF in the fourth quarter worth approximately $25,000. Orion Capital Management LLC purchased a new stake in iShares MSCI United Kingdom ETF in the 4th quarter valued at about $27,000. Bradley & Co. Private Wealth Management LLC acquired a new position in iShares MSCI United Kingdom ETF in the fourth quarter valued at about $39,000. Whittier Trust Co. boosted its stake in iShares MSCI United Kingdom ETF by 36.5% during the fourth quarter. Whittier Trust Co. now owns 2,500 shares of the company’s stock worth $85,000 after buying an additional 668 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of iShares MSCI United Kingdom ETF by 18.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,817 shares of the company’s stock valued at $106,000 after acquiring an additional 430 shares during the period.

iShares MSCI United Kingdom ETF Company Profile

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.